JNBA Financial Advisors Purchases New Position in Lowe’s Companies, Inc. (LOW)

JNBA Financial Advisors acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,020 shares of the home improvement retailer’s stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. Ironsides Asset Advisors LLC increased its stake in shares of Lowe’s Companies by 698.3% during the second quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock valued at $98,637,000 after acquiring an additional 7,284,000 shares during the period. Boston Partners increased its stake in shares of Lowe’s Companies by 382.4% during the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock valued at $457,230,000 after acquiring an additional 3,792,479 shares during the period. Winslow Capital Management LLC acquired a new position in shares of Lowe’s Companies during the second quarter valued at approximately $303,908,000. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Lowe’s Companies during the second quarter valued at approximately $266,540,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Lowe’s Companies during the second quarter valued at approximately $206,665,000. Institutional investors and hedge funds own 74.60% of the company’s stock.

In related news, CFO Marshall A. Croom sold 15,735 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the transaction, the chief financial officer now owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa W. Wardell acquired 273 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was purchased at an average cost of $107.72 per share, with a total value of $29,407.56. Following the purchase, the director now directly owns 273 shares in the company, valued at approximately $29,407.56. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

Shares of NYSE:LOW opened at $96.82 on Friday. The company has a market cap of $78.26 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.52. Lowe’s Companies, Inc. has a 1-year low of $76.62 and a 1-year high of $117.70. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.05. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 5.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio is 43.74%.

LOW has been the topic of a number of research analyst reports. Loop Capital set a $115.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, July 18th. KeyCorp reiterated an “overweight” rating and set a $115.00 price objective (up previously from $105.00) on shares of Lowe’s Companies in a research note on Tuesday, July 24th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Tuesday, July 24th. Jefferies Financial Group initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, August 21st. They set a “buy” rating and a $118.00 price objective on the stock. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Lowe’s Companies in a research note on Wednesday, August 22nd. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $112.11.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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